Bitcoin is useless or is it?

[Pettuh4]

It was not useless at the very first stages of its improvement. Now the blockchain network is extremely slow and transactions takes very much time to get confirmed. It is becoming useless evey day. Hopefully, this problem is solved.

Only stupid people say that bitcoin is useless, bitcoin is the future of the world, it helps us to generate a stable and good income.

I agree with you but your words are also harsh. Bitcoin is the future of money so it cannot be useless in the sense that all existing money and cryptocurrencies are trying to adopt the virtues of Bitcoin

[Andri.Ghani]

It used to be useless, because the bitcoin price increase that once was considered rubbish, again I wasted a lot of money
And I will not repeat it again.

[USBitcoinServices.Com]

The more negative people talk about bitcoin the stronger bitcoin gets. Perhaps for each naysayer, there are way much more new bitcoin users. Thanks for the contribution of spreading the word, even the negative ones help :-)

[slapper]

It was not useless at the very first stages of its improvement. Now the blockchain network is extremely slow and transactions takes very much time to get confirmed. It is becoming useless evey day. Hopefully, this problem is solved.

Only stupid people say that bitcoin is useless, bitcoin is the future of the world, it helps us to generate a stable and good income.

I agree. 2 years ago, my brother tried to study Bitcoin by himself and also try to explain it to my parents. The results that he was beaten by them, poor for him actually :v But after a bad event, he now the role of the head of the family

[BigBall]

Bitcoin is not useless and it will not be,same like etherum it will be really important in our future and it will change fiat money so there is no worry that bitcoin will destroy us,it can just bring good.

[Supercrypt]

In my opinion the high transaction costs does not make Bitcoin useless. It is still a great store of value and using it that way doesn't require frequent transferring. It is also the number one crypto currency for trading pairs on exchanges.

yes although it can effect it but not so. the transaction fee is in fact effecting the small trading, it will only effect the shopping for small items, for exxaple i am gong to recharge my mobile i have to pay government tax on it. and i also have to pay transaction fee which which is more than the recharging  amount that i normally do for my mobile.

Yes I agree the transaction fees is an issue for the small transactions. The huge transactions where having a huge profit will not be affected greatly.
Yeah the small top up type of things will cost high for the people so I guess if possible it is better to use the alts for such purposes and it has been noticed that the small transactions are now more common it the etherium and the tore coin.

[Kelvinid]

It was not useless at the very first stages of its improvement. Now the blockchain network is extremely slow and transactions takes very much time to get confirmed. It is becoming useless evey day. Hopefully, this problem is solved.

Only stupid people say that bitcoin is useless, bitcoin is the future of the world, it helps us to generate a stable and good income.

agreed with you, Only nonsense,stupid people can say that bitcoin is useless. Bitcoin changes my life, now i can live a good life proposes of bitcoin. I am a daily user of bitcoin.

Never in my whole life i treated bitcoin as useless.In fact bitcoin has been so useful to everyone.If only all people would discover its potentials,then they would all turned out into loving bitcoin.Bitcoin might help them improve themselves instead.

[sunsilk]

Bitcoin is not useless and it will not be,same like etherum it will be really important in our future and it will change fiat money so there is no worry that bitcoin will destroy us,it can just bring good.

It will not become useless and from the beginning many said that bitcoin is useless and it has been dead for so many times.

There's a lot of people that are trying to catch up with the possible profit that they may get from investing to bitcoin.

Because they understand that it is a supreme crypto currency that can bring them riches in the future.

[coerdy]

Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

[BingoDog]

Bitcoin is only useless if you don't know what to do with it and how to benefit the most from all its advantages. To my opinion bitcoin gives a variety of opportunities and options to spend it, invest it and earn on it, both in digital and real world. And if you still find bitcoin useless that it's up to you, not to bitcoin.

[Xester]

Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

Those who have the guts to say those things against our bitcoin never really know anything about bitcoin.  They maybe have no idea about bitcoin and have no guts to try it.  Actually maybe they are just being afraid.  Well, we do not have to be affected with them with what they perceived with bitcoin.  We knew what is the potential of bitcoin as an investment.

[Ayiranorea]

Bitcoin is the advanced technology useful for doing big transactions in a simple way. Some of the people said that Bitcoin is not useful, waste of investing money, etc... Don't think in negative way and research about bitcoin, then you will get an overall idea. Be positive....

Yes, bitcoin has got lots of good than bad. As everything has got good and bad, bitcoin too has got bad in it. People who prioritize the negative part can never be good with bitcoin, because always they have a fear in mind. When it comes to bitcoin one need to believe in it to use it to the fullest and profit.

[DevilSlayer]

It was not useless at the very first stages of its improvement. Now the blockchain network is extremely slow and transactions takes very much time to get confirmed. It is becoming useless evey day. Hopefully, this problem is solved.

Only stupid people say that bitcoin is useless, bitcoin is the future of the world, it helps us to generate a stable and good income.

Yeah I agree to you that the people who called the bitcoin is useless is idiot person. Bitcoin is our future money and it is not a useless, it is very important in our economy.

[Zionatin]

I think if Bitcoin was useless this forum wouldn't exist and none if is would be here. It would have died long ago. Clearly Bitcoin is far from useless since it has real world value even if it is digital.  Everything is digital these days. Makes sense money is too. Bitcoin is also fun to use and easy.

[Aztek]

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

Indeed. Because instead of getting a great amount that you have earned in saving it or spending to your investments, the profit that you gain are somewhat lost because it is already deducted when you have to pay for transaction fee. This is a problem for bitcoin users because the money that they have earned are likely to be put into trash because of the large transaction fees.

[richardsNY]

the profit that you gain are somewhat lost because it is already deducted when you have to pay for transaction fee. This is a problem for bitcoin users because the money that they have earned are likely to be put into trash because of the large transaction fees.

Sorry, but if your profits largely vanish due to the transaction fee that you include, you're either a faucet/captcha farmer, or you're "investing" with amounts slightly higher than dust. And no, this isn't a problem for the regular Bitcoin users, but only to penny pinchers like you. Invest your time in something better and more worthwhile instead of focusing on ultra micro earnings -- you'll see that the fees won't be a problem anymore....

[Adbitco]

What brought you here op? If you think bitcoin is useless then you shouldn't be wasting your time here on a forum which is full of bitcoin true believers and full of those people who believe in its potential to become the number one digital currency which bitcoin already is. The high transaction fee problem will be solved sooner than later but that doesn't mean bitcoin is useless. Bitcoin has only grown ever since it came to existence and it is meant to grow more. Bitcoin has never been useless and it never will be.

[itsallpc]

Higher transaction fee would become soon an older story.Soon it would be only found in history.All such things happened due to spammers who wished to spam network with fake transactions.We all suffered a lot due to higher fee.But soon after august 1st,situations would change and we could once again enjoy low fee and fast transactions.

[CarnagexD]

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

Yes that is right. With the high transaction fee, most bitcoin users might disengage in using bitcoin because they can see that instead of gaining, the money that supposed to be rising is deducted by high transaction fee. Despite of what is happening, we cannot evenly say that bitcoin is becoming useless because in lined with the high amount of money you want to transact, the high transaction fee you must pay. Because managing companies also pay for the transaction process  for it to be able to transact your money.

[Lomberjack]

With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?

I would like to debate this and gauge the community's response to Bitcoin experiment.

That certain thing really happens. But we cannot trulynsay that bitcoin is becoming useless just because of the high transaction fees offered in processing your transaction. It is not just the bitcoin who manage the transactions but also the miners who are paid to do the transaction process in exchange of payment. Also the higher amount of transaction, the higher amount of transaction fee you must pay for them to be able to process your transaction. Because transaction fees just rise depending upon the limit of loads in each block. Once your transaction reach its limit, you have to pay extra for the transaction process to occur.